8.35% Tvs Credit Services Limited - AA Rated (INE729N07016)

Tvs Credit Services Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE729N07016, with a face value of ₹10,00,000 rs on 26Jun20 to raise 325 crores. The debt instrument is issued with a coupon rate of 8.35% and its interest is paid Annually. The returns are Taxable and one has to pay the applicable tax on the returns from this investment. As per the filings, the long description of this Secured Debenture is 8.35% SECURED, FULLY PAID UP, RATED, LISTED, REDEEMABLE TAXABLE NON CONVERTIBLE DEBENTURES . LETTER OF ALLOTMENT. DATE OF MATURITY 22/03/2023. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on NSE stock exchange on 30Jun20. CRISIL RATINGS LIMITED has given AA rating to this Debenture on 11Jun20. This issuer is formerly known as TVS MOTOR CREDIT LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.